Royce Value Trust Past Earnings Performance
Past criteria checks 2/6
Royce Value Trust's earnings have been declining at an average annual rate of -2.7%, while the Capital Markets industry saw earnings growing at 9.7% annually. Revenues have been growing at an average rate of 1.9% per year. Royce Value Trust's return on equity is 17.7%, and it has net margins of 1479.5%.
Key information
-2.7%
Earnings growth rate
-3.1%
EPS growth rate
| Capital Markets Industry Growth | 10.3% |
| Revenue growth rate | 1.9% |
| Return on equity | 17.7% |
| Net Margin | 1,479.5% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
No updates
Recent updates
RVT: 12% Discount, 8% Yield, Small-Cap Exposure
Apr 21RVT: 8% Yield From A Well-Structured Small-Cap Fund
Jan 28RVT Crushes Blind Covered Call Selling From RYLD (Rating Downgrades)
Dec 29RVT: SmallCaps May Outperform In 'Soft Landing' Scenario
Dec 17Value Investing Made Easy: Earn 8% With RVT
Oct 24RVT: Reiterate Buy On Positive Seasonality For Small-Caps
Sep 29RVT: Swap Growth For Small-Cap Value Stocks To Combat Inflation
Feb 17RVT: 9.1% Yield Small Cap CEF, Attractively Discounted Price
Sep 18Royce Value Trust dips dividend -8.6% to $0.32/shares
Sep 02Royce Value Trust: Much To Like Except For One Thing
Aug 12Deeply Discounted 8% Yield To Uniquely Benefit From The Market Recovery: RVT
Jun 09RVT: 8% Dividend Yield With Upside To Valuation
Apr 04Let Your Retirement Income Grow For Decades With 7% Yield: RVT
Jan 21Royce Value Trust: High Dividends, Small Cap Value, Best In Class Management
Nov 17Royce Value Trust: Smaller-Cap Exposure At A Discount
Oct 04Royce Value Trust declares $0.25 dividend
Dec 01Royce Value Trust: Strong Investor At A Deep Discount To NAV
Nov 07Revenue & Expenses BreakdownBeta
How Royce Value Trust makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 22 | 330 | 22 | 0 |
| 30 Sep 23 | 23 | 287 | 19 | 0 |
| 30 Jun 23 | 23 | 245 | 16 | 0 |
| 31 Mar 23 | 23 | -108 | 15 | 0 |
| 31 Dec 22 | 24 | -461 | 15 | 0 |
| 30 Sep 22 | 27 | -467 | 18 | 0 |
| 30 Jun 22 | 30 | -473 | 21 | 0 |
| 31 Mar 22 | 30 | -55 | 22 | 0 |
| 31 Dec 21 | 29 | 362 | 24 | 0 |
| 30 Sep 21 | 25 | 575 | 23 | 0 |
| 30 Jun 21 | 21 | 789 | 23 | 0 |
| 31 Mar 21 | 22 | 554 | 21 | 0 |
| 31 Dec 20 | 23 | 320 | 19 | 0 |
| 30 Sep 20 | 23 | 148 | 16 | 0 |
| 30 Jun 20 | 23 | -23 | 13 | 0 |
| 31 Mar 20 | 23 | 181 | 11 | 0 |
| 31 Dec 19 | 22 | 385 | 9 | 0 |
| 30 Sep 19 | 21 | 188 | 9 | 0 |
| 30 Jun 19 | 21 | -8 | 8 | 0 |
| 31 Mar 19 | 23 | -114 | 8 | 0 |
| 31 Dec 18 | 26 | -219 | 8 | 0 |
| 30 Sep 18 | 27 | -16 | 8 | 0 |
| 30 Jun 18 | 28 | 188 | 8 | 0 |
| 31 Mar 18 | 24 | 214 | 7 | 0 |
| 31 Dec 17 | 20 | 239 | 7 | 0 |
| 30 Sep 17 | 19 | 259 | 7 | 0 |
| 30 Jun 17 | 18 | 279 | 7 | 0 |
| 31 Mar 17 | 18 | 275 | 7 | 0 |
| 31 Dec 16 | 18 | 272 | 7 | 0 |
| 30 Sep 16 | 17 | 116 | 7 | 0 |
| 30 Jun 16 | 16 | -40 | 7 | 0 |
| 31 Mar 16 | 17 | -73 | 7 | 0 |
| 31 Dec 15 | 17 | -105 | 7 | 0 |
| 30 Sep 15 | 18 | -61 | 7 | 0 |
| 30 Jun 15 | 18 | -18 | 7 | 0 |
| 31 Mar 15 | 18 | -9 | 7 | 0 |
| 31 Dec 14 | 17 | 0 | 7 | 0 |
| 30 Sep 14 | 17 | 137 | 8 | 0 |
| 30 Jun 14 | 18 | 274 | 8 | 0 |
| 31 Mar 14 | 18 | 322 | 8 | 0 |
| 31 Dec 13 | 18 | 371 | 8 | 0 |
| 30 Sep 13 | 20 | 304 | 7 | 0 |
| 30 Jun 13 | 22 | 238 | 7 | 0 |
Quality Earnings: RVT has a large one-off gain of $331.5M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: RVT became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: RVT has become profitable over the past 5 years, growing earnings by -2.7% per year.
Accelerating Growth: RVT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: RVT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (3.3%).
Return on Equity
High ROE: RVT's Return on Equity (17.7%) is considered low.